Mercer Global Advisors Inc. ADV Makes New $170,000 Investment in Harmony Gold Mining Company Limited (NYSE:HMY)

Mercer Global Advisors Inc. ADV bought a new position in shares of Harmony Gold Mining Company Limited (NYSE:HMY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,699 shares of the mining company's stock, valued at approximately $170,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new stake in shares of Harmony Gold Mining in the fourth quarter valued at about $1,804,000. Grove Bank & Trust lifted its stake in shares of Harmony Gold Mining by 400.0% in the fourth quarter. Grove Bank & Trust now owns 5,000 shares of the mining company's stock worth $41,000 after acquiring an additional 4,000 shares during the period. Diversify Wealth Management LLC boosted its holdings in Harmony Gold Mining by 18.5% in the fourth quarter. Diversify Wealth Management LLC now owns 103,083 shares of the mining company's stock valued at $939,000 after acquiring an additional 16,121 shares during the last quarter. Diversify Advisory Services LLC increased its position in Harmony Gold Mining by 9.1% during the 4th quarter. Diversify Advisory Services LLC now owns 25,848 shares of the mining company's stock valued at $235,000 after purchasing an additional 2,163 shares during the period. Finally, Ballentine Partners LLC increased its position in Harmony Gold Mining by 12.2% during the 4th quarter. Ballentine Partners LLC now owns 14,048 shares of the mining company's stock valued at $115,000 after purchasing an additional 1,533 shares during the period. 31.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HMY. Hsbc Global Res upgraded shares of Harmony Gold Mining from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th. StockNews.com raised shares of Harmony Gold Mining from a "hold" rating to a "buy" rating in a research note on Friday, March 7th.

Harmony Gold Mining Trading Down 0.4%

Shares of Harmony Gold Mining stock traded down $0.07 on Wednesday, hitting $15.32. 4,109,638 shares of the company's stock traded hands, compared to its average volume of 5,303,827. The company has a fifty day moving average of $14.83 and a two-hundred day moving average of $11.64. Harmony Gold Mining Company Limited has a one year low of $7.97 and a one year high of $18.77. The company has a market capitalization of $9.73 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 0.63 and a beta of 1.01. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.56 and a quick ratio of 1.07.

Harmony Gold Mining Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, April 21st. Shareholders of record on Friday, April 11th were paid a $0.1245 dividend. The ex-dividend date of this dividend was Friday, April 11th. This is a positive change from Harmony Gold Mining's previous semi-annual dividend of $0.04. This represents a yield of 0.9%. Harmony Gold Mining's payout ratio is 11.24%.

About Harmony Gold Mining

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. The company explores for uranium, silver, copper, and molybdenum deposits. It has eight underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface source operations in South Africa.